My current contract provides for annual salary but needs to include a 4% annual increase.
Hi I have a client who I will be managing an IndeGoGo campaign. I will be supplying the Video work and script writing and managing the launch assets and all other aspects of campaign in return for a deposit and % of the amount raised. The client will also provide a short list of pre-arranged folks who have already agreed to fund campaign that will be excluded from the 5% payout amount.
Raised $200K from 15 Friends & Family about ten years ago. Gave up 25% equity to F&F while I retain 75% and 100% voting control. It's been a tough economy but the company survived; however the reality is that there's no real exit strategy on the horizon. And while company is not rolling in cash and I can't offer a lump sum buyout, these are close F&F. My father died unexpectedly last week and he was my biggest F&F investor so I'd like to offer remaining F&F a way to get their cash out of the company by buying them out and providing them with a fair return on their money.
Lease is renewed on a month-to-month basis.
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